Azerbaijan Risk Professionals Association (ARPA) and audit consulting company MAK Azerbaijan Ltd will jointly support the formation and development of a risk management culture in Azerbaijan. Yesterday they signed a five-year cooperation agreement between the two organizations.
According to the document, the parties will develop and implement a national program of risk management. The agenda also includes holding of regular joint forums, conferences and meetings of "round tables" on risks. Also planned is joint research and risk analysis.
This is not the first fruits of partnership between the two organizations this year - on 23 October, a joint presentation took place on the management of a variety of risks of local businesses, including financial reporting and internal supervision, management, international financial reporting standards, preventive measures against fraud, etc. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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